Packaging solutions that drive business success

EUROPEAN MARKET POSITION EUROPEAN MARKET POSITION At a glance Our global scale EUROPEAN MARKET POSITION WORLD MARKET POSITION NO. 1 In corrugated packaging, containerboard, solidboard and solidboard packaging. NO. 2 For the production of corrugated packaging. EUROPEAN MARKET POSITION TURNOVER NO. 1 in Bag-in-BoxTM. 8.1 billion in revenue in 2015. €

Who we are Our key differentiators INNOVATION PEOPLE EXPERTISE GEOGRAPHIC REACH SUSTAINABILITY INTEGRATED BUSINESS

Who we are Geographic reach Innovation People Sustainability Expertise We are a company with a simple ethos: to drive business success for our customers. Geographic reach Innovation People Sustainability Expertise

Who we are 51 36 247 33 Our breadth of operations recovered fibre facilities mills packaging converting plants other production facilities

103,000 hectares forest plantation Who we are Our breadth of operations FORESTRY RECYCLING PAPER PACKAGING 103,000 hectares forest plantation 5.4 Million tonnes per annum recovered paper 6.9 Million tonnes per annum 10.4 Billion m2 per year

Geographic reach means 45,000 3 34 370 64,000 EMPLOYEES CONTINENTS COUNTRIES FACILITIES CUSTOMERS

Europe 250 operations across 21 countries 2015 revenue of €6.2bn and EBITDA of €901m with 28,000 employees European leader in corrugated packaging No. 1 in Bag-in-BoxTM Supported by an integrated containerboard system No. 1 in Recycled Containerboard – 3.0m tonnes No. 1 in Virgin Containerboard – 1.6m tonnes

Where we lead others to follow Undisputed market leader Unrivalled product and service offering Widest geographical coverage Breadth of product range Diversified customer base stimulates capacity to innovate Serving 64,000 customers globally Industry leading innovation Market insights and experience of all applications Proven CSR credentials

The Americas 115 operations across 13 countries 2015 revenues of €1.9bn and EBITDA of €306m with 17,000 employees Only significant pan-regional supplier No.1 in Colombia No.3 in Mexico Growing presence in the US New platform in Brazil and Central America (2015)

The Americas Integrated business FY 2015 KTonnes Integrated operations across the region, balanced in most markets Integrated network have provided valuable synergy benefits in acquisitions Focus on optimising containerboard production to match packaging needs Control of both virgin and recycled fibres Central Cluster: Colombia & Caribbean South Cluster: Brazil, Argentina & Chile

The Americas ARGENTINA BRAZIL COLOMBIA MEXICO US VENEZUELA Country snapshot ARGENTINA Number 3 market position 14% market share 51% with top three suppliers BRAZIL 5% market share 29% with top three suppliers Room for growth COLOMBIA Number 1 market position 65% market share 81% with top three suppliers MEXICO Number 3 market position 17% market share 58% with top three suppliers US 70% with top four suppliers Smurfit Kappa entry level position Good foothold in Texas VENEZUELA Number 1 market position 74% market share 86% with top three suppliers

INTERMEDIATE PRODUCTS PACKAGING AND DISPLAYS Integrated Guaranteed supply and operational excellence PAPER INTERMEDIATE PRODUCTS END PRODUCTS RECOVERED PAPER CONTAINERBOARD Testliner and Kraftliner are used to make the inner and outer layers of corrugated board. Medium is used to create the “rippled” or fluted middle layer. PACKAGING AND DISPLAYS Corrugated board is then printed and converted according to customer specifications into packaging, containers and displays. VIRGIN WOOD FIBRE

Integrated Guaranteed supply and operational excellence

Our People Relentless desire to solve our customers’ problems Unparalleled level of knowledge and expertise Determination to understand the real needs of our client Strategy to recruit, retain, develop and motivate the best people

Our Products Our product offering is broad and varied

More than 64,000 customers trust Smurfit Kappa globally Diversified and resilient customer base 60% of volumes in FMCG sectors Top 5 customers < 10% of volumes Mix of customers in Europe 35% international (PES and MNA)* 10% national 55% local Consistent market leading positions across Europe *Pan European Sales and Multinational customers

We partner with more than 64,000 customers globally

Innovation & Expertise Collective expertise of 700 designers around the world 6,500 design solutions available World’s largest packaging Experience Centre in Schiphol Amsterdam Supported by a global network of Experience Centres

>90% 99.9% 25% Sustainability > €4 million of the water we use returns back to nature in good condition >90% of the fibres we use have been purchased and produced under certified chain of custody 99.9% by 2020 will positively impact on the environment 25% Our fossil fuel CO2 reduction target of to social projects > €4 million In 2015 Smurfit Kappa donated

Industry leader, proven team A global company with over 80 years experience Initial Stock Exchange Listing Entry to The Americas via CCA Acquisition LBO by Madison Dearborn IPO – largest ever sector capital raising Business re-positioned: Dividend restored M&A recommenced Re-entry to US market 2016 1934 1964 1986 1994 2002 2005 2007 2008 to 2012 2012 Company founded Scale in Europe via the paper assets of CdSB Acquisition Merger with Kappa Packaging to form clear European leader Strong operating performance through financial crisis: Significant net debt reduction Significant cost take out Disciplined capital allocation Strong FCF & Superior Returns Financially strong, with clear leadership in Europe and The Americas

We open opportunities that: Support Brand Growth Drive Supply Chain Cost Efficiencies Reduce Risk